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Finance 22/01/2012 Aggregate capital of Uzbek banks grows by 30% in 2011
Aggregate capital of Uzbek banks grows by 30% in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of commercial banks in Uzbekistan grew by 30% year-on-year in 2011 and reached 5.334 trillion soums as of 1 January 2012. This was announced at the expanded session of the Board of the Central Bank of Uzbekistan, which was dedicated to the results of the banking system in 2011 and important priorities for 2012.

Total assets of the bank increased by 32.4% year-on-year in 2011 and made up over 27.45 trillion soums, the session said.

Positive changes are taking place in credit and investment activities of the bank. In the reporting period, the volume of loans, directed to real sector of economy, exceeded 15.65 trillion soums, which rose by 35.6%. The volume of loans, issued by banks to investment purposes, grew by 37% to 4.4 trillion soums.

Share of long-term loans with maturity term of over three years in total volume of credit portfolio exceeded over 75% in the result of 2011.

Currently, some 156 out of 164 bankrupt enterprises rehabilitated their production activity and 110 of them were realized to new investors. About 275 billion soums were invested to modernization and re-equipment of rehabilitated enterprises, which allowed to create 22,000 jobs.

The rehabilitated enterprises produced over 1 trillion soums and they exported goods and services for over US$326 million.

In the past period, the volume of loans, issued to small and private sector, rose by 1.5 times year-on-year in 2011 and reached 4.04 trillion soums. The volume of microloans grew by 1.5 times to over 752 billion soums. Some US$143 million were utilized due to credit lines of international financial institutes.

The volume of attracted deposits grew by 36.3% year-on-year to 18.04 trillion soums in 2011, while the deposits of population rose by 38.8% to 6.17 trillion soums.

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